We are pleased to announce that MPP Hungary Corp. has successfully applied for the Hungarian Export Promotion Agency’s Foreign Market Growth Incentive. Based on HEPA’s decision, the submission titled “Fintech Platform in Asia” was accepted by HEPA and, consequently, MPP Hungary will receive a one-time non-reimbursable grant of HUF 528,748,070.

As a member of Cellum Group, MPP Hungary has more than a decade and a half worth of experience operating mobile payment systems. Our strategic goal is to become a leading fintech service provider for Southeast Asia’s so-called ride-hailing and multi-service platforms through MPP Hungary and our Singapore-based Cellum Asia Pacific PTE Ltd. affiliate. The purpose of the project is, building on the company group’s existing platform, to develop a payment solution in the region that is capable of providing customizable, easily integrated and secure pament services to interested parties in a way that enables them to integrate it with their own applications. The envisioned solution will be capable of connecting to and carrying out financial and payment transactions between multiple e-money systems, and provide value-added services based upon them.

Thank you, HEPA!

The development of the Fintech platform has begun. The Business Development Director of Cellum Asia Pacific PTE Ltd. started his work in Singapore in January 2022.

UPDATE (9. November 2022.) The development of the Fintech Platform is almost done. The Android-based Card Acceptance software for EFT Terminal’s development is in progress, together with the necessary interfaces for it on the backend side. When the development of all components and services is completed, the Functional testing and deployment to the live system will be the last steps to finish the project. The Head of Business Development of Cellum Asia was in the annual Singapore Fintech Festival, where he was one of the participants of the Hungarian Fintech companies’ symposium, which was organized by the Hungarian National Bank and the Embassy of Hungary Singapore.

We are pleased to announce that Cellum Global has successfully applied for the Hungarian Export Promotion Agency’s Export Promotion Grant. Based on HEPA’s decision, the submission titled “Supporting the export of mobile payment solutions developed by Cellum” was accepted by HEPA and, consequently, Cellum Global will receive a one-time non-reimbursable grant as follows:

• amount requested by applicant: HUF 49,999,994
• amount granted: HUF 49,999,994
• grant rate: 50.00%

Cellum has launched a number of initiatives in Southeast Asia in recent years; the company now aims to strengthen its position in the region, especially in Indonesia and Singapore. The purpose of the project is to partially provide the resources necessary for mapping out and gaining an in-depth understanding of these markets’ unique needs and characteristics, as well as for preparing Cellum’s products to meet local legal and business requirements. The project aims to enable the company to grow its revenues from and presence in international markets, especially those outside the European Union.

Thank you, HEPA!

The objective of the tender is to prepare the Hungarian and international roll-out of multiple projects by Cellum Global Corp., especially the "Carrier-independent journey planning and electronic payment" product, to prepare the organization and the project recommended by the consultant for participation in the Horizon 2020 tender, and to utilize marketing and consultancy tools in order to facilitate the go-to-market process.

With a budget of HUF 11 860 000, the project was realized with a 75% state subsidy (HUF 8 895 000 total) within the scope of the "Development of a competitive ICT sector" tender under the Operative Program for Economic Development.

The project launched on May 1, 2015, and closed on October 31, 2015.